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The Latest Breaking News from Middle East

British Airways drops key Middle East route and cuts flights from Heathrow to Dubai, Doha and Tel Aviv

The airline will step up flights to India and Africa as it pivots away from Gulf

The Independent UK

Stocks Slip Before the Open as Oil Rebounds Amid Fragile U.S.-Iran Ceasefire, PCE Inflation and GDP Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.25% this morning as oil prices advanced amid waning optimism about the U.S.-Iran ceasefire.

Barchart

How the Middle East conflict will impact air travel: From fares to fuel costs

IN FULL

The Independent UK

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Australian spy plane operators in Middle East not sharing intel with US for offensive operations, defence boss says

Information on drones and other threats being shared but defence chief confirms crew taking ‘active steps’ to only contribute to defensive actions

The Guardian - AU

No ‘Dalali’, no voice: Jaishankar’s snark can’t steal Islamabad’s ceasefire limelight

Israel has bombed Lebanon despite a temporary ceasefire between the US and Iran, putting a fragile Pakistan-brokered truce in West Asia at risk. After the no-holds-barred Israeli bombing that killed over 100 people, Iran has blocked the Strait of Hormuz once more.

Newslaundry

Middle East peace push: Iranian delegation to arrive in Pakistan for high-level talks

An Iranian delegation is arriving in Pakistan for high-level talks based on a 10-point framework, while a US delegation led by Vice-President JD Vance is also set to engage in negotiations. These diplomatic efforts follow a US-announced ceasefire, though hostilities persist in Lebanon, with Iran alleging violations.

The Times of India

Afternoon Update: Albanese says Middle East ceasefire must include Lebanon; Clooney calls out Trump; and the rise of Korean fried chicken

Joint statement calling for aid worker protections also signed by Brazil, Colombia, Indonesia, Jordan, Sierra Leone and the UK

The Guardian - AU

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Thursday briefing: What difference will the ceasefire in the Middle East make, and will it hold?

In today’s newsletter: The truce offers a reprieve after weeks of turmoil, but unresolved disputes and competing interpretations of what was agreed, threaten to pull the region back toward crisis at a moment’s notice

The Guardian - UK

Hezbollah launches rockets at Israel – as it happened

This live blog has now closed

The Guardian - AU

Australia urges Lebanon’s inclusion in Middle East ceasefire amid escalating Israeli strikes on Beirut

PM calls pause in hostilities a ‘fragile peace’ as Australia issues joint call with Brazil, Colombia, Indonesia, Jordan, Sierra Leone and UK for aid worker protections

The Guardian - AU

Morning Mail: Israeli strikes on Lebanon put Middle East ceasefire in doubt, razor gang targets NDIS, outback town for sale

Iran says the agreement has been breached by Israel’s renewed assault on Hezbollah; Labor trying to drive cuts in disability scheme

The Guardian - AU

Diesel surges 20 cents a litre in two days to record high – as it happened

This blog is now closed

The Guardian - AU

What would peace in the Gulf mean for airlines and passengers?

Plane Talk: Before things get better, they can only get worse

The Independent UK

Buying Stocks During A War? Warren Buffett Did At 11 — Teaches Important Lesson For Investors

Warren Buffett bought his first stock at the age of 11 in 1942 at the height of World War II, when times were likely much more uncertain compared with the ongoing Middle East conflict.

International Business Times UK

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The Independent UK

Doha Diamond League event pushed back due to Middle East safety fears

IN FULL

Euronews

Will an Iran ceasefire lower energy bills?

The announcement of a two-week ceasefire in the Middle East has triggered an immediate drop in oil and natural gas prices, raising hopes for lower energy bills. However, consumers might not see the effects for several months, even though the oil industry has issued some optimistic forecasts.

Euronews

European earnings preview: Who wins and who loses from the Iran war?

Eurozone growth has been cut, inflation is surging and the Middle East conflict has shattered the consensus growth story for European corporates. From Paris to Munich, earnings season begins next week.

Barchart

S&P Futures Soar as Oil Prices Plummet on U.S.-Iran Ceasefire, FOMC Minutes on Tap

June S&P 500 E-Mini futures (ESM26) are trending up +2.82% this morning as oil prices fell the most in years after the U.S. and Iran agreed to a two-week ceasefire, boosting investors’ appetite for risk.

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The Conversation

Why Europe can still face a gas crisis without a gas shortage

Gas prices in Europe have risen again following disruptions to LNG supply chains linked to tensions in the Middle East.

Kiplinger

War in the Middle East Spells Higher Inflation for U.S. Consumers

The economy can probably withstand the jump in fuel costs, but prices figure to rise faster, straining many budgets.

Barchart

Stock Index Futures Slip as Trump’s Hormuz Deadline Looms

June S&P 500 E-Mini futures (ESM26) are down -0.26%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.38% this morning as investors remain wary ahead of President Trump’s deadline for Iran to reach a deal that includes reopening the Strait of Hormuz.

Pedestrian.tv

Is It Time To Retire The Term Middle East? Exploring The Internet’s Favourite New Phrase: SWANA

As fuel prices rise and conflict continues, is it time to update our language?

The Guardian - AU

Trump says uranium will be ‘taken care of’ – as it happened

This blog has now closed

AAP

Australia stands firm on Iran as Trump slams allies

Leaders have stopped short of criticising US President Donald Trump after his latest tirade over Australia's refusal to join the Middle East conflict.

Barchart

Why You Should Sell Canada Dollar Futures Now Amid Middle East Energy Shock

June Canada dollar futures present a selling opportunity on more price weakness.

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